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RBI stops Paytm Payments Bank from accepting deposits after Feb 29

The RBI on Wednesday barred Paytm Payments Bank Ltd from accepting deposits or top-ups in any cust…

PTI   


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Fidelity further marks down Meesho's valuation to $3.5 billion

Global investment firm Fidelity has further marked down the value of its holding in social commerce…

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My head is bloody, but unbowed: Byju Raveendran writes to shareholders

Byju Raveendran, the founder and CEO of embattling edtech company Byju's, in his letter to sharehol…

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Byju's aims to raise $200 mn via rights issue at drastic valuation cut

Think and Learn Private Limited (TLPL), the parent company of Byju's, on Monday announced to raise …

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Indian EV startup BluSmart raises $25 million from Swiss investor

Switzerland-based impact investor responsAbility on Monday announced that it will invest up to $25 …

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SoftBank sells another 2% stake in Paytm, offloads ₹3,800 cr worth shares in FY24

Japanese investment giant SoftBank has sold an additional 2 per cent stake in Paytm's parent compan…

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Fintech unicorn InCred reports 132% growth in profit in Q3 FY24

Fintech unicorn InCred on Wednesday reported 132 per cent growth in profit before tax to Rs 298 cro…

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Global VC investments sink in 2023, India still a bright spot: KPMG

Global VC investment sank to $344 billion across 37,808 deals in 2023 from $531.4 billion across 51…

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IPO-bound Swiggy likely to raise platform fee from ₹5 to ₹10 says media report

Online food delivery platform Swiggy is expected to double the platform fee on food orders from Rs …

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Paytm records revenue growth of 38% YoY in Q3FY24

Paytm has announced its October-December quarter earnings showing a strong growth momentum led by h…

ANI   


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Wow! Momo raises Rs 410 cr in latest round led by Khazanah, OAKS

Quick service restaurant (QSR) chain, Wow! Momo, said on Tuesday that it has raised Rs 410 crore (a…

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Paytm to invest ₹100 cr in GIFT City, to offer AI-driven cross border remittance

One97 Communications Limited (OCL) that owns India's leading payments and financial services compan…

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India’s fintech funding shrinks over 60% to $2 billion

In spite of the fall, India ranked third globally in 2023 in terms of fintech startup funding. Worl…

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Startups in 2024: Innovation can't override a profitable bottom line

In 1999, amidst the dot-com frenzy, Warren Buffett's prophetic words at the Allen-Sunny Valley Conf…

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Flipkart's Binny Bansal launches startup that helps e-commerce companies go global

Flipkart co-founder Binny Bansal has come up with a new venture - 'OppDoor', which will help e-comm…

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Meesho posts first-ever quarterly profits in FY24, claims to be the first profitable e-commerce unicorn in Q2

Softbank-backed Meesho on Friday said it became the first e-commerce unicorn to post consolidated p…

PTI   


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SCOPE launches $45 million venture capital fund for fintech, gaming sectors

SCOPE, an invite-only networking platform for the startup ecosystem, on Tuesday announced the launc…

PTI   


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2023: The year that startups started to grow up

The year of 2023 was tough for many startups which had to survive without the VC funding bottle. Un…

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ONDC, Meta kick-off partnership to support small businesses in India

ONDC and Meta on Tuesday partnered to enable small businesses in India build seamless conversationa…

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Udaan lays off 100 employees a week after raising $340 million

Homegrown B2B e-commerce platform Udaan, which raised $340 million last week, laid off more than 10…

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Energy-tech start-up Exponent Energy secures $26 million in a series B funding

Exponent Energy, an innovative energy-tech startup working at 15-minute fast charging and introduci…

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Udaan raises $340 mn with eye on listing in 12-18 months

India’s largest eB2B platform Udaan said on Thursday that it has raised $340 million in Series E fi…

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TiE Silicon Valley to help Indian startups grow their markets in the US

TiE Silicon Valley, the gateway for global entrepreneurs in the United States, is now working to tr…

PTI   


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Startups with small profit pools should think twice before launching their IPOs

There’s a new word that has entered the lexicon of startups – profitability. During the pandemic, w…

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Online furniture brand Pepperfry registers Rs 188 cr losses in FY23

Online furniture brand Pepperfry registered Rs 188 crore in losses in FY23, down just 3 per cent fr…